If you want to trade and win and Forex, you can get all the information you need for free to build a Forex trading strategy for success. Let’s look at where to get the best free Forex education…
Let’s first of all tell you the places that you shouldn’t even consider!
Forex forums are waste of time, only losers hang around them dispensing their so called wisdom, to make them feel better as they can’t trade. Another group are the Forex robot affiliates, telling you the route to success is a $100 trading system! Avoid Forums.
Broker research is another source of information you should pass by; if brokers made money, they wouldn’t be brokers. Most of the research is designed to open accounts, so it reflects the majority view and that of course is wrong.
Also don’t bother with e-books that ask for email address before giving you anything most of the information is common sense.
Now let’s look at the good sources and the first thing you need to do is to learn Forex technical analysis, as it’s the simplest and most time efficient way to trade.
Simply type in the phrase and you can learn all about it and you should also learn specifically about, over support and resistance, overbought and oversold and breakout trading, as an understanding of this information is the basis of any successful Forex trading strategy.
Next find a good chart service, there are plenty of free ones and look through the indicators offered and learn them. There are numerous ones but any trader should learn these:
Bollinger Bands, the Stochastic, the RSI, ADX and moving averages.
You will then have the basis of a simple, robust, Forex trading strategy you can enjoy currency trading success with.